Asset management

As asset managers create younger wholesaling teams, they're also adapting models that leverage digitally savvy hybrid roles.

The fund will track an index that divides the industry into five categories: pharmaceuticals, testing and analytics, cultivators, hemp and ancillary business.

The $1.8 billion deal is expected to close in mid-2020.

Jeff Smith's dismissal was first announced in a memo by CEO Larry Fink and President Rob Kapito, who only said the executive had violated corporate policy.

"It's going to become increasingly more important for financial professionals to understand the potential benefits of sustainable investing," an exec says.

“It’s going to become increasingly more important for financial professionals to understand the potential benefits of sustainable investing,” an executive says.

Like other bank-owned asset managers, the division is under pressure from new regulations such as MIFID II and a protracted shift toward passive investing.

To stand out from the crowd, some issuers have embraced thematic strategies focused on niche investments that could become the next boom industry.

The current impact of fund rebalancing on front-month VIX futures is about 20% of daily volume on the index’s contracts.

Rather than disclosing their portfolios every day like conventional ETFs, the nontransparent products will reveal their holdings at least once a quarter.